Publisher: 'Expense Reductions' (aka Job Cuts) Coming To Herald By Friday
The looming job cuts at the Miami Herald -- sources expect the number to be about 50 layoff/buyouts in the newsroom -- will happen by the end of the week, writes David Landsberg in an email to staff. This follows his February 5 email announcing that job cuts were coming.
From: Landsberg, David - Miami
Sent: Mon 3/9/2009 8:25 AM
To: .MIA All Herald Users
Subject: McClatchy Announcement
To: All Employees
From: David Landsberg, Publisher
Subject: Expense Reductions
Date: March 9, 2009
On Feb. 5, McClatchy announced plans to further reduce operating expenses as a result of the ongoing and unprecedented economic pressures and revenue declines. Today, McClatchy released additional information about these expense reductions. The press release is available on McClatchy's corporate website.
Here at the Miami Herald Media Company, we have already shared the news about advertising losses that are greater than any of us have ever seen in our history. As the economy continues to decline, so have our revenues.
We know you are anxiously awaiting the details of our expense reduction plans to offset these losses, but the plans aren't quite final. We assure you we are working as quickly as possible to finish this work. We understand how unsettling the last several weeks have been and how announcements by other McClatchy papers increase concerns about the future.
We apologize for the delay but want to make sure we carefully review every option before making final decisions. We anticipate communicating these decisions to you by the end of the week.
Our future success is dependent on the hard work you do every day. We know these repeated announcements and ongoing restructuring are disruptive, but we respectfully ask for your continued focus, even in these difficult circumstances.
Please contact your department manager or human resources if you have any
questions. Thanks, David.
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